NOW: Pensions and Employer Services Limited (esl) have announced a strategic partnership to provide a flexible, cost effective and compliant solution to SMEs facing the challenges and complexity of auto enrolment.
Just 2% of SMEs have already secured a pension scheme for auto enrolment according to research* conducted by NOW: Pensions with nearly half (44%) stating that they haven’t given any thought to how they’ll find a pension provider.
By working together, implementation risk is significantly reduced with esl’s clients benefitting from a fully integrated proposition. esl’s automated assessment tool provides the required assessment and NOW: Pensions supports clients through implementation, handling all the statutory communications for all categories of employees. Additionally NOW: Pensions operates a member helpline and member website that significantly reduces the number of member queries that have to be dealt with by the employer.
Scheme acceptance is guaranteed once the online documentation has been verified. There is no scheme underwriting, no minimum membership numbers or any minimum member contribution levels.
Virginia Freeman, Director of Commercial Development, Employer Services Ltd said: “Through working in partnership with our clients, esl has developed an automated assessment solution which creates true cost saving benefits and efficiencies for auto enrolment. We have worked closely with NOW: Pensions to create a positive experience for our mutual clients; both supporting and guiding them through the complexities of their individual auto enrolment journey.”
Morten Nilsson, CEO of NOW: Pensions said: “This partnership gives esl’s clients a complete auto enrolment package which is easy to set up and requires minimal administration. It’s simple, cost effective and efficient.”
|
